Purpose – The purpose of this two‐part series is to consider the role of the “scientific method” (SM) in human understanding, questioning both its consistency in actual practice and its reasonableness as a system of philosophy and action. Design/methodology/approach – Part 2 considers...

Purpose – In forecasting unknown quantities, risk and finance decision makers often rely on one or more biased experts, statistical specialists representing parties with an interest in the decision maker's final forecast. This problem arises in a variety of contexts, and the decision maker may...

Purpose – This editorial aims to consider certain aspects of the parallel development of statistics and actuarial science that are instructive in understanding the value of intellectual cross‐fertilization in research. Design/methodology/approach – The paper addresses the fundamental...

Purpose – The purpose of this editorial is to explore the usefulness of distinguishing between “risk” and “Knightian uncertainty.” Design/methodology/approach – The paper presents a representative, insurance‐based model of Knightian uncertainty arising out of potential major...

Purpose – The purpose of this two-part series is to consider the role of the “scientific method” (SM) in human understanding, questioning both its consistency in actual practice and its reasonableness as a system of philosophy and action. Design/methodology/approach – Part 2 considers...

Purpose – This editorial aims to consider certain aspects of the parallel development of statistics and actuarial science that are instructive in understanding the value of intellectual cross-fertilization in research. Design/methodology/approach – The paper addresses the fundamental problem...

Purpose – In forecasting unknown quantities, risk and finance decision makers often rely on one or more biased experts, statistical specialists representing parties with an interest in the decision maker's final forecast. This problem arises in a variety of contexts, and the decision maker may...

Purpose – The purpose of this editorial is to explore the usefulness of distinguishing between “risk” and “Knightian uncertainty.” Design/methodology/approach – The paper presents a representative, insurance-based model of Knightian uncertainty arising out of potential major...

Purpose – This editorial aims to consider certain aspects of the parallel development of statistics and actuarial science that are instructive in understanding the value of intellectual cross-fertilization in research. Design/methodology/approach – The paper addresses the fundamental problem...

Purpose – The purpose of this editorial is to explore the usefulness of distinguishing between “risk” and “Knightian uncertainty.” Design/methodology/approach – The paper presents a representative, insurance-based model of Knightian uncertainty arising out of potential major...